Advisers can now access a new suite of exchange-traded fund model portfolios from State Street Global Advisors through a managed accounts platform.
The ETF model portfolios available on the Praemium platform include a range of risk-based ETF model portfolios – moderate, balanced and growth – aimed at pursuing optimal capital efficiency over a long-term horizon, and an objective-based model portfolio, which will provide investors with an income-focused solution, according to a statement.
State Street Global Advisors said its suite of risk-based ETF model portfolios were constructed based on risk tolerance in order to achieve market exposure across equities, including multi-factor smart beta and fixed income markets.
Further, it said the objective-based ETF model portfolio focuses on multi-asset class allocation to diversify across income sources, meaning that in a low growth, low interest rate environment, investors can still generate income in a simple and cost-effective way.
Praemium’s managed accounts platform is the first one offering State Street’s suite of ETF model portfolios.
Head of SPDR ETFs, Australia and Singapore, Meaghan Victor said its partnership with Praemium opens up its ability to bring institutional quality and professional funds management to more investors.
"The combination of ETFs and no investment manager fees on our model portfolios means that we can provide cost conscious solutions,” Ms Victor said.
“Praemium’s next-generation integrated managed account platform offers advisers the ultimate flexibility to tailor solutions to their entire client base on a single
Praemium head of product and marketing Mat Walker said it's focused on providing its advisers and clients with access to the greatest choice of quality investment portfolios and broadest range of assets from high-calibre, reputable investment managers.
“With no investment manager fee on their separately managed accounts (SMA) models, the State Street portfolios not only provide a breadth of choice for our advisers but offer a cost-efficient solution that is becoming increasingly important in the current environment for both advisers and their clients," Mr Walker said.
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